Embotelladora Andina (NYSE:AKO.B) Shares Cross Below 200-Day Moving Average – What’s Next?

Embotelladora Andina S.A. (NYSE:AKO.B) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $28.56 and traded as low as $27.01. Embotelladora Andina shares last traded at $27.80, with a volume of 3,296 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research raised Embotelladora Andina to a “hold” rating in a research report on Thursday, May 21st. Wall Street Zen raised Embotelladora Andina from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Embotelladora Andina Price Performance

The business has a 50 day simple moving average of $28.49 and a 200 day simple moving average of $28.56. The stock has a market cap of $4.39 billion, a PE ratio of 13.63 and a beta of 0.62.

Embotelladora Andina (NYSE:AKO.B) last issued its earnings results on Tuesday, April 28th. The company reported $999.00 EPS for the quarter. Embotelladora Andina had a return on equity of 24.47% and a net margin of 8.70%.The firm had revenue of $1.04 billion for the quarter. As a group, sell-side analysts forecast that Embotelladora Andina S.A. will post 2.14 earnings per share for the current fiscal year.

About Embotelladora Andina

Embotelladora Andina SA, together with its subsidiaries, produces, markets, and distributes Coca-Cola soft drinks in Chile, Brazil, Argentina, and Paraguay. It also offers fruit-flavored beverages, juices, sports and energy drinks, ice tea, and bottled water. Embotelladora Andina SA was founded in 1946 and is headquartered in Santiago, Chile.